Correlation
The correlation between SHYPX and MNHAX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
SHYPX vs. MNHAX
Compare and contrast key facts about American Beacon SiM High Yld Opps Fund (SHYPX) and Manning & Napier High Yield Bond I (MNHAX).
SHYPX is managed by American Beacon. It was launched on Feb 14, 2011. MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHYPX or MNHAX.
Performance
SHYPX vs. MNHAX - Performance Comparison
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Key characteristics
SHYPX:
2.10
MNHAX:
2.00
SHYPX:
2.78
MNHAX:
2.52
SHYPX:
1.44
MNHAX:
1.43
SHYPX:
1.75
MNHAX:
1.60
SHYPX:
6.86
MNHAX:
6.35
SHYPX:
0.97%
MNHAX:
1.12%
SHYPX:
3.54%
MNHAX:
3.65%
SHYPX:
-24.85%
MNHAX:
-19.76%
SHYPX:
-1.24%
MNHAX:
-1.27%
Returns By Period
The year-to-date returns for both investments are quite close, with SHYPX having a 0.91% return and MNHAX slightly higher at 0.92%. Over the past 10 years, SHYPX has outperformed MNHAX with an annualized return of 5.36%, while MNHAX has yielded a comparatively lower 4.54% annualized return.
SHYPX
0.91%
0.55%
1.03%
7.48%
7.07%
8.16%
5.36%
MNHAX
0.92%
1.08%
0.65%
7.22%
5.72%
6.98%
4.54%
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SHYPX vs. MNHAX - Expense Ratio Comparison
SHYPX has a 1.10% expense ratio, which is higher than MNHAX's 0.66% expense ratio.
Risk-Adjusted Performance
SHYPX vs. MNHAX — Risk-Adjusted Performance Rank
SHYPX
MNHAX
SHYPX vs. MNHAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon SiM High Yld Opps Fund (SHYPX) and Manning & Napier High Yield Bond I (MNHAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
SHYPX vs. MNHAX - Dividend Comparison
SHYPX's dividend yield for the trailing twelve months is around 6.40%, less than MNHAX's 7.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYPX American Beacon SiM High Yld Opps Fund | 6.40% | 6.48% | 6.37% | 6.85% | 5.10% | 6.05% | 5.90% | 6.13% | 5.53% | 5.59% | 5.41% | 8.63% |
MNHAX Manning & Napier High Yield Bond I | 7.87% | 6.95% | 6.91% | 6.14% | 7.89% | 5.04% | 6.64% | 5.14% | 5.00% | 6.19% | 5.35% | 7.58% |
Drawdowns
SHYPX vs. MNHAX - Drawdown Comparison
The maximum SHYPX drawdown since its inception was -24.85%, which is greater than MNHAX's maximum drawdown of -19.76%. Use the drawdown chart below to compare losses from any high point for SHYPX and MNHAX.
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Volatility
SHYPX vs. MNHAX - Volatility Comparison
The current volatility for American Beacon SiM High Yld Opps Fund (SHYPX) is 0.99%, while Manning & Napier High Yield Bond I (MNHAX) has a volatility of 1.17%. This indicates that SHYPX experiences smaller price fluctuations and is considered to be less risky than MNHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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